Commercial Real Estate

More Shockoe-area property changes hands

Exchange 1

One of the city’s earlier historic tax credit conversions just changed hands, joining a recent wave of transactions in a section of the city getting a jolt from public and private investments. The Exchange Alley Lofts, a 27-unit property at 8-10 S. 14th St. on the edge of Shockoe Slip and Shockoe Bottom, sold earlier… Read more »

Stalled Scott’s Addition project prompts $15M lawsuit

quality inn

Claiming one of its big projects is stuck in limbo because of a dispute with a local developer, a Richmond housing nonprofit has sued to regain control of its plan to convert a shuttered Scott’s Addition hotel into income-based apartments. Better Housing Coalition filed a $15 million lawsuit Friday against Henrico-based Dominion Diversified Real Estate… Read more »